Jet2 plc (LON:JET2 – Get Free Report) insider Gary Brown sold 26,143 shares of the business’s stock in a transaction dated Friday, July 17th. The shares were sold at an average price of GBX 1,475, for a total transaction of £385,609.25.
Gary Brown also recently made the following trade(s):
- On Friday, July 17th, Gary Brown sold 11,765 shares of Jet2 stock. The stock was sold at an average price of GBX 1,475, for a total transaction of £173,533.75.
Jet2 Stock Performance
Jet2 stock traded down GBX 15.52 during midday trading on Monday, hitting GBX 1,459. The company’s stock had a trading volume of 640,355 shares, compared to its average volume of 2,976,356. The company has a debt-to-equity ratio of 62.09, a current ratio of 1.36 and a quick ratio of 1.49. The company has a market cap of £2.64 billion, a price-to-earnings ratio of 6.23, a PEG ratio of 9.34 and a beta of 1.16. Jet2 plc has a 1-year low of GBX 980 and a 1-year high of GBX 1,736. The company has a 50-day moving average price of GBX 1,271.20 and a two-hundred day moving average price of GBX 1,237.14.
Jet2 declared that its board has approved a share buyback program on Wednesday, July 8th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.
Wall Street Analysts Forecast Growth
JET2 has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. cut their target price on Jet2 from GBX 1,300 to GBX 1,200 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Royal Bank Of Canada upped their price objective on shares of Jet2 from GBX 1,800 to GBX 1,900 and gave the stock an “outperform” rating in a research report on Thursday, July 9th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,800 price objective on shares of Jet2 in a research note on Wednesday, April 29th. Canaccord Genuity Group decreased their target price on shares of Jet2 from GBX 1,900 to GBX 1,750 and set a “buy” rating on the stock in a report on Wednesday, July 8th. Finally, UBS Group restated a “buy” rating and issued a GBX 1,660 target price on shares of Jet2 in a research report on Friday, July 3rd. Six analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,638.14.
Check Out Our Latest Stock Report on JET2
About Jet2
Jet2 plc is a leading leisure travel group, specialising in friendly low fares from its award-winning airline, Jet2.com, and package holidays you can trust from the UK’s largest package holiday provider, Jet2holidays.
Jet2.com is the UK’s third largest airline, flying from 12 UK airports to over 70 destinations across Europe and beyond and Jet2holidays is the UK’s largest tour operator.
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